Please read the case study (documents are attached, and fully answer the questions given with supportive backing. 1. What is the duty of care required of the board of directors and its individual members? Include in your discussion the "business judgment" rule. Do you think the Countrywide board met this standard? Give specific examples to support your answer. 2. Legal rulings such as the one in Countrywide are based solely on legal principles. Still, ethical principles are always important factors in business decision making. From the perspective of the shareholders, identify as many ethical issues that you can that relate to legal consideration in the Countrywide ruling. 3. The SRM objectors took the position that "its common law fraud claims for money damages were individual and thus predominate over the equitable relief found in the Delaware Complaint." SRM also argued that "to foreclose the individual common law fraud claims of SRM by virtue of certification of a class action and approval of the Proposed Settlement would violate due process." Discuss the common-law fraud claims raised by SRM. Do you agree that it should have been allowed to opt out of the settlement and separately pursue its charges against the Countrywide board?